Compiled from reports by Ticker News, EconoTimes and News Karnataka. See the original articles linked below.
More than 5,000 technology jobs were affected by layoffs and restructuring plans in October 2026, according to a roundup by NDTV Profit. EconoTimes reported that the figure combines company disclosures, media estimates and tracker entries, so it is not an official count of cuts that have been completed.
Companies named
Ticker News reported that Netflix announced its layoffs on October 14, affecting nearly 1,000 employees, or about 6% of its workforce. EconoTimes said the cuts were mostly in product, technology, legal and human resources, and that Reuters described the round as the company's largest since 2022. News Karnataka gave the same scale, about 1,000 jobs across its global workforce.
On eBay, EconoTimes reported that a filing describes a plan affecting about 9% of the global workforce, with estimated costs of $130 million to $150 million. The filing gave no headcount, and EconoTimes said Reuters estimated about 1,100 jobs. Ticker News also put the figure at roughly 1,100 and noted that this follows 800 cuts in February. News Karnataka described the reduction as about 1,000 people and as eBay's second major round of 2026. EconoTimes said eBay and HubSpot expect to complete most eliminations in the first quarter of 2027.
Amazon confirmed reductions in its Stores and Devices and Services units but did not publish totals, EconoTimes reported. It added that Reuters found fewer than 1,000 white-collar roles affected in Stores and no more than 250 in Devices and Services. Ticker News described roughly 1,000 Stores roles and 250 in devices and services. News Karnataka said the Stores cuts touched staff in the United States, India and the United Kingdom, and recalled that Amazon cut about 14,000 corporate roles in October 2025 and 16,000 in January 2026.
HubSpot is cutting nearly 660 employees, about 7% of its workforce, according to Ticker News. News Karnataka said the company announced this on October 6. EconoTimes reported that the plan carries charges of $65 million to $75 million.
Differing accounts on artificial intelligence
The outlets differ on HubSpot's motive. Ticker News said the company is shifting to a strategy focused on AI. EconoTimes and News Karnataka, however, reported that HubSpot's chief executive said the decision was not driven by AI-related efficiencies.
Ticker News added that AI has been cited in 33% of tech layoff events in 2026, up from 1% in 2024. EconoTimes attributed that figure to the founder of Layoffs.fyi and said the tracker counts events that companies or the press link to AI, which does not show how many jobs AI actually replaced. News Karnataka said companies give different reasons, including simplifying organisations, shifting priorities, competition, AI investment and staffing adjustments after the pandemic.
Other companies and wider totals
Ticker News listed further cuts at Electronic Arts, about 400 jobs, Supermassive Games, more than 70, XM Cyber, from 300 staff to 50, and Nokia, up to 253. It also said TomTom would cut about 6% of its staff globally. EconoTimes said TomTom's reorganisation into three divisions would affect about 200 roles.
EconoTimes also cited Crunchbase's U.S. tracker, which counted at least 94,046 tech layoffs from January through August 2026, up 16.8% from a year earlier.
Sources
- Over 5,000 tech jobs cut in October (Ticker News, 2026-10-31)
- October Tech Layoff Plans and Cuts Top 5,000, NDTV Profit Tally Says (EconoTimes, 2026-10-31)
- October Tech Layoffs: 5,000+ Jobs Affected (News Karnataka, 2026-10-31)
This article was compiled with AI assistance from the reports listed above and reviewed by GMA before publishing.